# Employment Services, INC. 401(k) Plan
Source: https://planprovider.pro/companies/employment-services-inc-401k-plan-001-8176

> Employment Services, INC.'s 401(k) plan: 818 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Employment Services, INC.

- **Sponsor EIN:** 541058176

- **Sponsor Address:** 4455 SOUTH BOULEVARD, SUITE 410, VIRGINIA BEACH, VA, 23452

- **Plan Type:** 401(k)

- **Total Participants:** 818

- **Total Assets:** $14.2M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|818|$14.2M|$282,564|$1.4M|

| 2023|543|$13.1M|$310,323|$1.5M|

| 2022|682|$11.5M|$370,480|$1.5M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$74,149|—|$74,149|

| BARNES TPA & ASSOCIATES, LLC|TPA|$45,817|$2,524|$48,341|

| CAMBRIDGE INVESTMENT RESEARCH ADVIS|INVESTMENT ADVISORY0|—|$32,845|$32,845|

| MCCLINTOCK & ASSOCIATES, PC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [MCCLINTOCK & ASSOCIATES, PC](https://planprovider.pro/provider/mcclintock-and-associates) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $155,335

- **Estimated Expense Ratio:** 1.095% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$119,964|—|$119,964|—|—|

| 2023|$107,263|—|$107,263|—|—|

| 2022|$114,039|—|$87,413|—|$26,626|

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